Page 3 - HME Business, March 2020
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What’s Inside:
Medtrade Spring Sneak Peek . . . . . 12 News, Trends & Analysis . . . . . . . . . . 6
Take the Time to Get Involved. . . . . . 4 AccreditationOfferings ........... 26 HMEInventory ................... 28 HMEAdvocacySavesLives......... 30
DIY RCM
What options are available to HME providers that can’t outsource their RCM?
RCM is a Key Process & There Are Ways to Build Your Own
We’ve all heard of rev- enue cycle management. Healthcare organizations such as hospitals, care providers, and health plans have been employing and refining RCM to opti- mize and maximize their revenues and margins. RCM is the tool that ensures success in an outcomes-oriented healthcare marketplace.
It’s taken a while for RCM to “trickle down” to the realm of post-acute care, including home medical equipment, but it’s here now. For at least the past two or three years, some HME businesses have been implementing RCM solutions to improve workflows, patient outcomes and bottom-line performance. Those early adopters have seen first-hand how RCM can revolutionize a business.
That said, typically those earlier HME industry implementations of RCM have been on a larger scale and outsourced. So, where does that leave the majority of providers that clearly understand the value of RCM but might not be at a scale that lets them join the outsourced RCM game?
It turns out there are tools available to all providers that can let them create their own RCM solutions. Those homegrown solutions might not have the scalability and flexibility of outsourced RCM, but can at least start to yield some of RCM’s rewards. Read this month’s cover, “DIY RCM for HME,” story to learn more.
Do-it-Yourself
RCM. . . . . . . . . . Starts on Page 20
March 2020 Volume 27, Number 2 hme-business.com


































































































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